Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Sumitomo Heavy Industries (SOHVF)
:SOHVF
Holding SOHVF?
Track your performance easily
Earnings Data
Report Date
Feb 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.71Last Year’s EPS
0.54Same Quarter Last Year
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -7.74%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance with positive outcomes in net sales and operating profit due to favorable exchange rates and certain segment successes. However, significant challenges remain in terms of decreased orders in key segments, negative cash flow, and slow recovery in critical markets such as semiconductors and energy. The progress on the Medium-Term Management Plan 2026 offers a strategic outlook for future growth.Company Guidance
During the Q2 2024 earnings call, Shinji Shimomura, the company president, provided comprehensive guidance on multiple financial metrics and strategic initiatives. The company reported receiving orders totaling JPY 453.1 billion, net sales of JPY 520.4 billion, and an operating profit of JPY 33.3 billion. Compared to the previous fiscal year, orders decreased due to inventory adjustments and lower semiconductor demand, although net sales increased overall, aided by foreign exchange gains. The forecast for FY 2024 has been revised to JPY 1.03 trillion in orders, JPY 1.07 trillion in net sales, and JPY 65 billion in operating profit. The interim dividend was set at JPY 60 per share, with a total return ratio of 65.9% and a return on invested capital of 5.6%. The company also outlined its Medium-Term Management Plan 2026, emphasizing business portfolio reformation, sustainability initiatives, and advancements in robotics and automation, semiconductor production, and offshore wind projects.Overall Increase in Net Sales
Despite challenges, net sales increased overall due to foreign exchange gains and backlog orders in various segments.
Operating Profit Increase
Operating profit rose to JPY 33.3 billion due to higher sales and favorable exchange rate differences.
Strong Performance in Mobile Cranes
Mobile cranes saw increases in orders, sales, and operating profit due to strong demand in North America and Japan.
Progress in Medium-Term Management Plan 2026
The company is advancing strategies in robotics, semiconductor expansion, and offshore wind power as part of the Medium-Term Management Plan 2026.
Dividend Stability
The interim dividend remains unchanged at JPY 125, with a total return ratio of 65.9%.
---
SOHVF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
SOHVF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $21.96 | $21.91 | -0.23% |
| Aug 07, 2024 | $22.11 | $22.43 | +1.45% |
| Apr 26, 2024 | $27.65 | $27.94 | +1.05% |
| Feb 14, 2024 | $25.60 | $25.43 | -0.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Sumitomo Heavy Industries (SOHVF) report earnings?
Sumitomo Heavy Industries (SOHVF) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is Sumitomo Heavy Industries (SOHVF) earnings time?
Sumitomo Heavy Industries (SOHVF) earnings time is at Feb 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SOHVF EPS forecast?
SOHVF EPS forecast for the fiscal quarter 2024 (Q4) is 0.71.
---